Chasing the Yield
Investing for income through dividends and distributions
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Royal Dutch Shell to sell $9.5 billion oil field to Conoco Phillips
Royal Dutch Shell RDS.A -2.16% PLC is close to a deal to sell assets in the Permian basin, the most active U.S. oil field, to ConocoPhillips COP -3.14% for around $9.5 billion, according to people familiar with the matter. The deal could come Monday, assuming talks don’t fall apart, the people said. It comes as Shell is attempting to cut its carbon…
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China starts closing their doors
Market drops 2%, China starts closing off, Microsoft buybacks, Social Security COL, Wind power blows in the UK, and more!
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Microsoft announces stock buyback and raises dividend
Microsoft’s latest purchase scheme comes after two senior Democratic senators proposed a 2% tax on corporate stock buybacks as part of a bid to help fund a $3.5 trillion U.S. budget bill. The potential tax, announced on Friday, was released by Senate Finance Committee Chairman Ron Wyden of Oregon and Senate Banking Committee Chairman Sherrod…
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Social Security may get huge cost of living adjustment
The 68 million people — including retirees, disabled people and others – who rely on the benefits are likely to receive a 6% to 6.1% cost-of-living adjustment next year because of a COVID-19-related spike in inflation, according to the Senior Citizen League. Such a rise would far outpace 1.4% average bumps in Social Security payments…
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Oil jumps over $2 on Wednesday
Oil prices rose over $2 on Wednesday after industry data showed a larger-than-expected drawdown in U.S. crude inventories and on expectations demand will rise as vaccination roll-outs widen. Brent oil rose $2.14, or 3%, to $75.75 a barrel, while U.S. West Texas Intermediate (WTI) crude climbed $2.28, or 3.2%, to $72.74 a barrel. Brent hit its highest levels…
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Chevron to triple low carbon investments
The San Ramon, Calif., oil giant is pledging to spend $10 billion through 2028 on biofuels, hydrogen production, carbon capture and other technologies, up from a prior commitment of around $3 billion. Mr. Wirth said in an interview that the spending boost reflects optimism in Chevron’s new energies unit, announced in July to oversee the…